Top 25 Financial Sectors to Get Mandatory IMF Check-Up

» Articles » Top 25 Financial Sectors to Get Mandatory IMF Check-Up 05.10.2010 (5363)

Economies with financial sectors that have the greatest impact on global financial stability are now required to undergo in-depth reviews of their financial health by the International Monetary Fund every five years.

The landmark decision by the IMF’s Executive Board on September 21 converts the financial stability component of the voluntary Financial Sector Assessment Program (FSAP) into a mandatory part of the IMF’s surveillance for the world’s top 25 financial sectors.

Stability part of voluntary Financial Sector Assessment Program now mandatory
25 biggest, most interlinked financial sectors to get IMF review every five years
Decision strengthens, integrates IMF’s financial, economic surveillance

25 biggest, most interconnected economies
Australia
Austria
Belgium
Brazil
Canada
China
France
Germany
Hong Kong SAR
India
Ireland
Italy
Japan
Luxembourg
Mexico
Netherlands
Russia
Singapore
South Korea
Spain
Sweden
Switzerland
Turkey
United Kingdom
United States

The review of a country’s financial stability would cover three core elements.

• Risk—the source, probability, and potential impact of the main risks to financial stability;

• Policies—the country’s financial stability policy framework;

• Crisis resolution — the authorities’ capacity to manage and resolve a financial crisis.

More information:
https://www.imf.org/external/pubs/ft/survey/so/2010/NEW092710A.htm

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close open

Appeal to world leaders and humanity

Diplomatic Economic Club strongly condemns and is not accepting any kind of aggression, military collisions, wars between countries, which are happening here close in the center of Europe, on the other continents of the world, in Asia, in Africa.
Nothing can justify the use of force in any cases, everywhere it leads to suffering of civilians.
We call all parts, leaders of all levels for a peaceful solution of any disagreements through the dialog and negotiations.
Only the Peace on our planet, olny Friendship and mutual understanding promote the life of people.
Please don't even allow yourself any thought about World War III, about nuclear weapons.
All the humanity remembers the wars of the 20th century, and if somebody has forgotten, please remember. Diplomatic Club for Peace

Stop War! Peace All over the World

Diplomatic Economic Club
unites members from 37 countries of the world.